SkyWest estimates $30 million hit from 1Q severe weather

Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, warned that the negative consequences of severe weather during the first quarter will likely sink the company to a loss for the period.
SkyWest canceled approximately 21,000 flights during the three-month period ended March 31 owing to weather and expects to take a $30 million hit in the quarter as a result.
SkyWest won’t report its full quarterly earnings until early May, but it issued ...